Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
The US November PCE report has just been released. Core prices rose by 0.1% and the annualised rate was also 0.1% shy of forecasts, rising nay 2.4%, matching the previous increase. The core rate also missed by the same margin. Ahead of this US yields were holding steady and still elevated on balance. The US 10 year noted was yielding around 4.54%. That was generally supporting the dollar at lower levels, but the US currency was well off its earlier Asian session highs, especially versus the Yen and it was falling back into the release. The USD/JPY was trading around 156.65. The EUR/USD was nudging 1.0400 at the same time. The reaction to this data has seen dollar fall versus both. The EUR/USD has lifted to 1.0415 and the USD/JPY has fallen below 156.50
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
Start here. Join over 3M Libertex users around the world!